Options and pre-emption rights

Options and pre-emption rights guidance:

In all but the simplest cases and particularly with development land, a fixed price may not be sufficient and the price will be based on the market value of the land. An...

Practice Note

Option agreements are strictly construed and the option may be lost if the option holder does not exercise it correctly. The option agreement is a contract...

Practice Note

A call option is (generally) an equitable interest in land and must be registered in order to bind successors in title of the land owner. The exception is where the...

Practice Note

Offer back (sometimes known as surrender back) clauses oblige the tenant to offer to surrender the lease to the landlord as a pre-condition to the tenant’s right to...

Practice Note

Call options are frequently used by developers to secure a right to buy land if planning permission is obtained. Taking an option provides the developer with time to make...

Practice Note

Unless the option agreement or contract specifically allows for extensions of time, the time limit must be strictly adhered to. It cannot be extended by reference to...

Practice Note

To be a deed, an instrument must be validly executed: • by the person executing it or a person authorised to execute it in the name of or on behalf of that person, or •...

Practice Note

This Practice Note looks at the way that options and pre-emption agreements over UK land are treated for stamp duty land tax (SDLT) purposes. Options typically arise in...

Practice Note

A contract for the sale or other disposition of land, or of any interest in land, is void unless it complies with section 2 of the Law of Property (Miscellaneous...

Practice Note